Crustaceans in Spain | The Observatory of Economic Complexity

About

Exports In 2022, Spain exported $445M in Crustaceans, making it the 14th largest exporter of Crustaceans in the world. At the same year, Crustaceans was the 201st most exported product in Spain. The main destination of Crustaceans exports from Spain are: Italy ($151M), Portugal ($112M), France ($64.7M), Germany ($32.3M), and United States ($11.8M).

The fastest growing export markets for Crustaceans of Spain between 2021 and 2022 were Germany ($7.68M), Cape Verde ($1.13M), and Sweden ($822k).

Imports In 2022, Spain imported $1.61B in Crustaceans, becoming the 4th largest importer of Crustaceans in the world. At the same year, Crustaceans was the 57th most imported product in Spain. Spain imports Crustaceans primarily from: Ecuador ($400M), Argentina ($347M), China ($83.1M), Morocco ($82.6M), and Portugal ($71.8M).

The fastest growing import markets in Crustaceans for Spain between 2021 and 2022 were Ecuador ($62.4M), France ($24.7M), and Canada ($15.4M).

COMPANIES In 2023, leading companies such as IKEA SUPPLY AG (74) were at the forefront of shipping Crustaceans from Spain to the United States.

Latest Trends

January 2024

About

Overview In January 2024 Spain's Crustaceans exports accounted up to €31.8M and imports accounted up to €131M, resulting in a negative trade balance of €99.2M. Between January 2023 and January 2024 the exports of Spain's Crustaceans have increased by €4.33M (15.7%) from €27.5M to €31.8M, while imports increased by €5.95M (4.76%) from €125M to €131M.

Destinations In January 2024, Crustaceans were exported mostly to Italy (€12.1M), Portugal (€7.63M), France (€4.43M), Germany (€1.77M), and Greece (€808k), and were imported mostly from Argentina (€68.6M), Ecuador (€20M), China (€10.1M), Morocco (€5.37M), and Portugal (€2.77M).

Growth In January 2024, the increase in Crustaceans's year-by-year exports was explained primarily by an increase in exports to Portugal (€2.64M or 40.6%), Italy (€1M or 11.8%), and Lithuania (€334k or 310%). In January 2024, the increase in Crustaceans's year-by-year imports was explained primarily by an increase in imports from Argentina (€15.5M or 32.6%), Portugal (€3.48M or 390%), and Nicaragua (€1.45M or 142%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)€4.33M(15.7%)

IMPORT GROWTH (January 2023 - January 2024)€5.95M(4.76%)

MAIN EXPORTER (January 2024)Pontevedra€15.8M

MAIN DESTINATION (January 2024)Italy€12.1M

This section shows Crustaceans's exports and imports data at subnational level for Spain. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Crustaceans over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$445M

IMPORTS (2022)$1.61B

NET TRADE (2022)-$1.16B

In 2022, Spain exported $445M in Crustaceans. The main destinations of Spain exports on Crustaceans were Italy ($151M), Portugal ($112M), France ($64.7M), Germany ($32.3M), and United States ($11.8M).

In 2022, Spain imported $1.61B in Crustaceans, mainly from Ecuador ($400M), Argentina ($347M), China ($83.1M), Morocco ($82.6M), and Portugal ($71.8M).

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